What are the biggest startup expenses for a salon / barbershop?

The largest one-time costs are typically equipment and renovations. Monthly, the biggest expenses are usually rent and supplies or inventory. In Memphis, these costs are adjusted downward based on the local cost of living.

Is Memphis an expensive city to start a salon / barbershop?

Memphis, TN has a cost of living index of 86.0 (national average = 100). This is below the national average, meaning startup costs will be lower than in most U.S. cities.

How much should I budget monthly to run a salon / barbershop in Memphis?

Typical monthly operating costs for a salon / barbershop in Memphis range from $1,763 to $8,084, with a mid-range estimate of $4,042 per month. This covers rent, utilities, insurance, and supplies.

What licenses and permits do I need to open a salon / barbershop in TN?

Licensing requirements vary, but you'll typically need a general business license, an EIN, and state-specific permits. In TN, check with your local city clerk and the TN Secretary of State for exact requirements. Budget $1,290 for licensing and permits.

How Much Does It Cost to Open a Salon / Barbershop in Memphis, TN? (2026)

Estimated startup costs adjusted for Memphis's cost of living (86.0% of national average).

First-Year Total (Mid)

$82,474

Range: $32,766 – $169,248

One-Time Costs (Mid)

$33,970

Range: $11,610 – $72,240

Monthly Costs (Mid)

$4,042/mo

Range: $1,763 – $8,084

One-Time Startup Costs

Upfront investment needed to open

Expense	Low	Mid	High
Equipment	$4,300	$12,900	$25,800
Furniture	$1,720	$4,300	$8,600
Initial Product Inventory	$860	$2,580	$5,160
Licenses	$430	$1,290	$2,580
Renovations	$4,300	$12,900	$30,100
Total One-Time	$11,610	$33,970	$72,240

Monthly Operating Costs

Recurring expenses each month

Expense	Low	Mid	High
Insurance	$129	$258	$516
Product Supplies	$430	$1,290	$2,580
Rent	$1,032	$2,150	$4,300
Utilities	$172	$344	$688
Total Monthly	$1,763	$4,042	$8,084

First-Year Budget Summary

Category	Low	Mid	High
One-Time Startup Costs	$11,610	$33,970	$72,240
Monthly Costs x 12	$21,156	$48,504	$97,008
Total First Year	$32,766	$82,474	$169,248

All estimates are adjusted for Memphis's cost of living index (86.0). National average = 100. A higher index means higher costs.

About Memphis, TN Business Costs

Memphis, TN has a cost of living index of 86.0 (where 100 is the national average). This is below the national average, meaning your money goes further here. You can expect to save roughly 14% compared to national averages on most expenses.

The estimates above use national average startup costs for a salon / barbershop, adjusted by the local cost of living factor (0.86x). Actual costs will vary based on your specific location within Memphis, the size of your operation, and current market conditions.

Salon / Barbershop Startup Costs in Other Cities

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Need a More Detailed Estimate?

Use our interactive startup cost calculator to customize expenses for your specific situation.

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